SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): September 16, 2008
FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.
(Exact name of Registrant as specified in its charter)
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Virginia |
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54-1873198 |
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000-50230 |
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(State or Other Jurisdiction of Incorporation or Organization) |
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(I.R.S. Employer Identification No.) |
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(Commission File Number) |
1001 Nineteenth Street North
Arlington, VA 22209
(Address of principal executive offices) (Zip code)
(703) 312-9500
(Registrant’s telephone number including area code)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02.
Departure of Director or Certain Officers; Election of
Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain
Officers
Effective as of September 16,
2008, William J. Ginivan and Robert J. Kiernan will no longer serve as executive officers
of Friedman, Billings, Ramsey Group, Inc. (the “Company”) and will be solely
dedicated to FBR Capital Markets Corporation (“FBR Capital Markets”), the
Company’s controlled subsidiary. Mr. Ginivan will continue to serve as the Executive
Vice President and General Counsel of FBR Capital Markets. Mr. Kiernan will continue to
serve as the Senior Vice President, Controller
and Chief Accounting Officer
of FBR Capital Markets. FBR Capital Markets will assume full
responsibility for the payment of Mr. Ginivan’s and Mr. Kiernan’s 2008 base
salaries, which remain unchanged, and for all other future compensation payable to Messrs.
Ginivan and Kiernan.
As a result of these changes, Mr. Kiernan will no longer
serve as the Company’s principal accounting officer. His responsibilities will be
assumed by Kurt R. Harrington, the Company’s Executive Vice President, Chief
Financial Officer and Treasurer. On September 16, 2008, Mr. Harrington was appointed to
serve as the Company’s Chief Accounting Officer.
SIGNATURE
Pursuant to the requirements of
the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed
on its behalf by the undersigned hereunto duly authorized.
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FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. |
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Date: September 19, 2008 |
By:/s/ Eric F. Billings
Eric F. Billings |